Oakwell Private Wealth Management (Austin)

Name: Oakwell Private Wealth Management
Address: 7719 Wood Hollow Dr., Austin, TX, 78731
Telephone: 1-800-55OAKWELL

Oakwell Private Wealth Management is a large advisory firm based in Austin. It manages $157.78 million of regulatory assets for 660 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of Texas.

Oakwell Private Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Oakwell Private Wealth Management: assets under management

The assets under management (AUM) of Oakwell Private Wealth Management is $157.78 million. The firm's AUM has grown by 41% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $154.2 million in discretionary accounts and $3.58 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $237.24 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $357.77 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 49% of the total AUM. The second-largest asset type is investment and business development companies, which make up 42% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Oakwell Private Wealth Management for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Oakwell Private Wealth Management serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Oakwell Private Wealth Management is high net worth individuals with 26 clients and $72.36 million of assets under management. Among the 9 most similar advisory firms, Oakwell Private Wealth Management has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $157.78 million for 326 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Oakwell Private Wealth Management doesn't advise any private funds.

Careers at Oakwell Private Wealth Management

The company employs 8 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Oakwell Money Management Llc	Owning member	1 Feb 2012	Other	47-5184309
Oakwell Insurance Group Llc	Owning member	1 Feb 2012	Other	47-4690695
Ceruse Financial Llc	Owning member	1 Feb 2012	25% - 50%	27-4403311
Rm Wealth Management Llc	Owning member	1 Feb 2012	Other	20-3879273
Brett O Wheeler	Managing member	1 Feb 2012	25% - 50%	5472903
Robbins Financial Coordinating Services Inc.	Owning member	1 Feb 2015	Other	26-0510588
Touchstone Wealth Planners Inc.	Owning member	1 Dec 2015	Other	20-4717536
Brian Thomas Boswell	Chief compliance officer	1 Jan 2016	Other	5191011
Daniel Arthur Michel	Member	1 Jan 2016	Other	5109155
Laurent Boumaza	Managing member	1 Jan 2016	25% - 50%	4550148

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Daniel Arthur Michel	Owner	1 Nov 2005	75% - 100%	5109155
Touchstone Kyte Mcdonald	Owner	1 Apr 2006	50% - 75%	4502661
Jill Ann Mcdonald	Owner	1 Apr 2006	50% - 75%	6932178
Richard Clay Robbins	Owner	1 Jun 2007	75% - 100%	4959196
Laurent Boumaza	Owner	1 Dec 2010	75% - 100%	4550148
Brian Thomas Boswell	Owner	1 Jun 2015	75% - 100%	5191011
Brett Olan Wheeler	Owner	1 Dec 2015	75% - 100%	5472903

Based in Austin

The principal office where Oakwell Private Wealth Management performs its advisory services is located at 7719 Wood Hollow Dr., Austin, TX 78731, which is also the mailing address of the firm. An additional office of the firm is in New Braunfels, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 1-800-55OAKWELL or by fax 512-335-7511. The normal business hours are mon - thur: 9am - 5pm cst; fri: 9am-1 pm cst on Other. You can find more information about the New York firm at oakwellpwm.com.